British pound above $1.39 for first time in nearly 3 years



© Reuters. UK pound coins plunge into water in this illustration picture

LONDON (Reuters) – The British pound climbed above $1.39 for the first time in nearly three years on Monday, lifted by broad-based dollar weakness as well as Britain’s success in rolling out the COVID-19 vaccine.

The currency has been a key gainer against a struggling greenback this month as the aggressive rollout of the vaccination programme in the United Kingdom raises hopes its economy will be able to recover quickly, compared to its European peers.

In early London trading, the pound rose 0.4% to $1.3915, its highest level since late April 2018, according to Refinitiv data. Versus the euro, it gained 0.2% to 87.24 pence, its highest levels since May 2020.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ  Politicians must have bigger say in naming Bank of Italy chief - 5-Star





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here